Post Reply
641-660 of 1138
Once cross 20c interests will come. Patience.
QueenMaya ( Date: 07-Dec-2025 06:48) Posted:
|
This will get alot better. I am sure more dividends should come after sale of
property and with so little debt should be super close to NAV 40 cts.
Collect as much as possible.
Sgvale ( Date: 05-Dec-2025 16:47) Posted:
|
Buy & hope next week better!
The story continues $0.113 +$0.004 65% 35% chance now
SmallSmall ( Date: 05-Dec-2025 09:39) Posted:
|
The sales of Merchant Road property had net it $58mil profit. Somemore RE vested properties in Australia, Malaysia and China bought at low years ago.
50% 50% chance of rebound today $0.111 +$0.002
Collect while low. Target 0.20
Nav play is not sustainable
Price already run up.
Distribution in process
Too much free float.
Too many cheap shares for kaki.
Lots of sellers
Price already run up.
Distribution in process
Too much free float.
Too many cheap shares for kaki.
Lots of sellers
Cheap. Expect more to come. NAV 0.42.
All stories out I guess
Surprised to see price still here
Too much free float
A few good men benefited own men
Worth a short everyday I think
Will Tikam small short position
Surprised to see price still here
Too much free float
A few good men benefited own men
Worth a short everyday I think
Will Tikam small short position
Raffles Education sells corporate building for S$121.8 million
The property at 51 Merchant Road is being sold at about 78% over book value to an unnamed real estate player
[SINGAPORE] Raffles Education has sold its corporate building at 51 Merchant Road for S$121.8 million, a price that is about 78 per cent more than the property&rsquo s book value as at end-June.
The sale price is, however, below the S$152.7 million market value estimated in a desktop valuation in June. Nonetheless, Raffles Education is expected to book a gain on disposal of around S$53 million and receive net proceeds of about S$121.3 million.
Known as Raffles Education Square, the property comprises a four-storey commercial building connected to two rows of conserved buildings and two levels of basement car parks.
The property, which has a 99-year lease expiring in May 2092, occupies roughly 2,570 square metres (sq m) of land, with a gross floor area of about 6,606 sq m.
The unnamed buyer is said to be in the business of letting self-owned or leased real estate property such as office/exhibition spaces, shopping malls and self-storage facilities.
In a bourse filing on Monday (Dec 1), Raffles Education noted that the purchaser has no links to its directors or substantial shareholders and their respective associates.
&ldquo The disposal of the vacant property is a decisive move to optimise our balance sheet and capital structure. This transaction enables the full extinguishment of the property&rsquo s associated loan, eliminating a significant liability and its related interest burden,&rdquo it said.
Raffles Education added that proceeds from the sale will be redeployed to improve working capital and fund higher-yielding initiatives.
The deal is expected to be completed on Jan 30, 2026, subject to conditions including shareholder approval.
Assuming that the transaction was completed on Jun 30, Raffles Education&rsquo s net tangible assets per share would be S$0.4296, up from S$0.3915. Its earnings per share would have risen to S$0.0477, from S$0.0055, had the deal been done on Jul 1, 2024.
The sale follows two earlier attempts to market the property, in 2021 and again in 2023, both of which drew no takers.
Growing investor appetite for shophouses
The deal comes at a time when investor interest in shophouses has been climbing, supported by an improving economic outlook and easing financing costs.
Shophouse sales in Singapore rose to 27 caveated deals in the third quarter, compared with 18 in the previous quarter &ndash marking the highest quarterly sales in about two years, according to a recent PropNex market update.
Notable deals included the sale of three adjoining freehold shophouses in Jalan Besar in the Desker Road conservation area for S$36.5 million, or S$5,723 per square foot (psf) on a land area of 6,378 square feet (sq ft).
Another transaction was the sale of a Club Street conservation shophouse for S$21 million, or S$3,889 psf based on the estimated gross floor area of 5,400 sq ft.
The Business Times previously reported that the three-storey corner shophouse was sold by JL Family Office &ndash set up by ARA Asset Management co-founder John Lim &ndash to Singapore-incorporated Asia Success Management.
Other big-ticket purchases that were not caveated during the quarter included a portfolio sale of six conservation shophouses along Stanley Street by Anpora Real Estate for more than S$82 million. The buyers were said to be affiliates of Clifton Partners, a Singapore-based real estate investment firm.
Analysts expect investor demand for shophouses to remain resilient, supported by the safe-haven appeal of Singapore and scarce supply of the heritage properties. Shophouse values and rental demand are also projected to hold steady amid a positive economic growth outlook.
This one can' t contra.
Ideally hold till dividend given.
Ideally hold till dividend given.
Neutral_Guy ( Date: 02-Dec-2025 15:16) Posted:
|
Don?t contra this. Keep it a few months. Huat
BB play a very smart game, opening set higher opening price slowly distributed to retailers
Looks like is the other way round...
Sgvale ( Date: 02-Dec-2025 13:20) Posted:
|
$121 million incoming. no $1 no sell
Shortists will cover later.
Raffles Education sells 51 Merchant Road for $121.8 mil
Raffles Education has not enjoyed an easy time on the SGX.
Years of losses, high borrowings and repeated auditor warnings left the counter trading at levels that reflected little more than distressed value.
Yet the latest series of announcements suggest a company finally confronting its biggest problem head-on: its balance sheet.
The proposed sale of the vacant property at 51 Merchant Road for S$121.8 million in cash is the clearest signal of that shift.
The building, carried at S$68.3 million on the books and valued at S$152.7 million in a desktop appraisal, will deliver an estimated gain of S$53.0 million once the transaction closes.
The deal still needs shareholder approval and completion is targeted for late January 2026, but the financial implications are material.
If executed as planned, net tangible assets per share would climb from 39.15 cents to 42.96 cents.
Earnings per share, on an illustrative basis, would jump from 0.55 cent to 4.77 cents because of the disposal gain.
The improvement is mechanical, but it matters: even temporary earnings strength can widen financing options for a company in recovery.
The disposal is also central to easing the S$85.8 million current liability gap flagged in the FY2025 audited results.
Much of that pressure stems from short-term borrowings and interest costs.
Removing the Merchant Road mortgage alone cuts a major drain on cash, and it frees management to redeploy capital into its core education and property-rental operations.
Momentum building
The Merchant Road sale is part of a broader restructuring effort.
Raffles Education has moved to dispose of a lifestyle commercial property in Langfang, China, for RMB18 million.
It has also proposed converting S$31 million worth of bonds and shareholder loans into equity, alongside a small interim dividend that its controlling shareholder may take in shares to conserve cash.
These steps reduce leverage and rebuild equity without straining liquidity.
Underlying performance has also stabilised.
FY2025 revenue came in at S$111.7 million, only slightly lower than the previous year, but the group managed to swing from a S$24.0 million loss in FY2024 to a S$7.7 million profit.
Net profit margins remain thin at around seven per cent, yet the direction of travel is significantly better than what investors had grown accustomed to.
Auditors have maintained their going-concern emphasis because cash balances are still tight.
This is a valid caution.
The turn will only be convincing once the asset sales complete and the debt conversions close.
But unlike previous years, the solutions are now underway and backed by real transactions, not projections.
Why it matters
For investors, Raffles Education is becoming a different proposition.
It is no longer simply a question of whether the group can survive the more relevant question is whether management can sustain a cleaner, lighter capital structure long enough to let its core business regain its footing.
The disposal of Merchant Road is the turning point.
It injects liquidity, lifts solvency ratios, cuts interest costs and buys the group time.
If this momentum carries into 2026, the company could exit the penalty box it has sat in for years and reprice closer to its improved fundamentals.
The risks are clear, but the trajectory is no longer one-directional.
For the first time in a long while, Raffles Education has put a credible balance-sheet reset on the table and the market should take notice.
Many already shorted 121/120 don' t have high expectations
Neutral_Guy ( Date: 02-Dec-2025 11:24) Posted:
|
Shssss. Just buy and keep. Don?t put targets and expectations here.